Learning about currencies for traders and investors is essential to support the success of their investments in other countries and for speculation. In Africa, which is the third largest continent after Asia and America, various currencies are stable to the weakest. The African continent is also called the black continent because most of its population is black.
Here is a summary of the most stable currencies in Africa according to an article from the FXOpen blog.
Those are the eight most stable currencies in Africa. Each currency has reasons that may vary, especially related to the economy of the country that uses that currency. For investors, it is important for those who want to invest in the region to understand that the risks are minimal.
Here is a summary of the most stable currencies in Africa according to an article from the FXOpen blog.
- Tunisian Dinar (TND), Exchange rate: 1 TND = 0.3179 USD.Tunisia
- Libyan Dinar (LYD), Exchange rate: 1 LYD = 0.2055 USD.Libya
- Moroccan Dirham (MAD), Exchange rate: 1 MAD = 0.0979 USD.Morocco.
- Ghanaian Cedi (GHS), Exchange rate: 1 GHS = 0.0841 USD. Ghana
- Botswana Pula (BWP), Exchange rate: 1 BWP = 0.0736 USD. Botswana
- Seychellois Rupee (SCR), Exchange rate: 1 SCR = 0.0686 USD. Seychelles.
- Eritrean Nakfa (ERN), Exchange rate: 1 ERN = 0.0666 USD. Eritrea.
- South African Rand (ZAR), Exchange rate: 1 ZAR = 0.0534 USD. South African
Those are the eight most stable currencies in Africa. Each currency has reasons that may vary, especially related to the economy of the country that uses that currency. For investors, it is important for those who want to invest in the region to understand that the risks are minimal.
